Global Strategic Investment Solutions LLC Buys 208 Shares of NextEra Energy, Inc. (NYSE:NEE)

Global Strategic Investment Solutions LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,635 shares of the utilities provider’s stock after acquiring an additional 208 shares during the period. Global Strategic Investment Solutions LLC’s holdings in NextEra Energy were worth $392,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of NEE. Proffitt & Goodson Inc. grew its stake in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. increased its stake in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy in the 3rd quarter valued at about $27,000. Valley Wealth Managers Inc. acquired a new stake in NextEra Energy in the 2nd quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy during the third quarter worth about $39,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NEE shares. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Scotiabank upped their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Wells Fargo & Company increased their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Finally, Guggenheim boosted their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $86.54.

NextEra Energy Price Performance

Shares of NEE stock traded up $0.03 on Thursday, reaching $74.55. The company had a trading volume of 2,565,387 shares, compared to its average volume of 10,838,249. The stock has a market capitalization of $153.31 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 2.83 and a beta of 0.57. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The business’s 50-day moving average is $82.22 and its 200 day moving average is $77.05. NextEra Energy, Inc. has a one year low of $53.81 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 EPS. Equities research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.